According to a recent PRNewsire, James Dondero, Highland’s co-founder and President announced that they had awarded The Family Place with a $1 million challenge grant. The Family Place is a humanitarian organization offering lifesaving shelter to the victims of domestic violence. The challenge grant will help the humanitarian organization raise the remaining $2.8 million towards its legacy campaign. The announcement was made during a trailblazer award luncheon in Dallas, Texas.
James Dondero said that the challenge grant would be administered through Highland’s philanthropic arm, Highland Dallas Foundation. Highland’s challenge grant will match up to $1 million of any funds raised towards The Family Place’s capital campaign until April 4, 2017. As of October 7, 2016, the humanitarian organization had already raised an extra $200,000 towards its capital campaign. With $2.8 million remaining to reach the required $16.5 million, Highland’s grant will ensure that the capital campaign completes successfully.
Highland’s challenge grant is an answer to the Dallas community’s call to address the challenges facing the Dallas community. As a member of the civic community, The Family Place plays a significant role in improving the living standards in Dallas. As a result, Highland feels proud to invest alongside civic community as they make things happen. The Family Place’s charitable work impressed James Dondero and his team at Highland. According to Paige Flink, The Family Place’s CEO, the capital campaign creates a tremendous opportunity to extend their life-changing and lifesaving services across Dallas.
Funds raised towards the capital campaign will support the construction of a counseling center for the victims of domestic violence. It will be named in honor of its sponsor, Ann Moody. The facility includes a job-training center, 13 emergency shelter rooms, several counseling rooms, and a centralized call hotline.
About Highlands Capital Management
Together with its subsidiaries, Highland manages approximately $16 billion worth of assets. Highland operates as a duly registered investment advisor. Highland Capital Management is known for its investment in the charitable works through its philanthropic arm, Highland Dallas Foundation. With its headquarters located in Dallas, Texas, Highlands ranks among the nation’s leading providers of global-scale alternative credit services.